Active

$699,999

366 Summer Ave, Newark City, NJ 07104

6beds

--sqft

Est.:

Multi Family

Built in 1881

-- sqft lot

$723,200 Zestimate^®

$--/sqft

$-- HOA

What's special

Modernized bathsAmple off-street parkingLarge double back lotUpdated kitchens

Fantastic Owner-Occupant or Investor Opportunity! Discover this well-maintained 3-family property offering strong rental potential and long-term value. Ideally located near transportation, shopping, schools, and houses of worship, this property delivers both convenience and growth opportunity. Each apartment features updated kitchens and modernized baths, with separate utilities tenants pay their own gas, heat, and electric keeping operating costs low. The recently redone basement and plumbing add peace of mind and functionality. large double back lot provides ample off-street parking or potential for a future build or subdivision (variance required), offering excellent upside for investors or developers. With low taxes, no oil tank on the property, and solid existing condition, this home is truly turnkey and ready to go.

39 days

175

6

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 3
Full bathrooms: 3

Heating

3 Units, Baseboard - Hotwater, Natural Gas

Cooling

Window Unit(s)

Appliances

Included: Gas Water Heater

Features

Bedrooms, Dining Room, Family Room, Kitchen, Living Room
Basement: Yes,Full,Walk-Out Access
Has fireplace: No

Interior area

Total structure area: 0

Property

Parking

Total spaces: 2
Parking features: Unpaved, Off Street, On Street
Uncovered spaces: 2

Features

Levels: 3-Three Story
Stories: 3

Lot

Size: 4,356 Square Feet
Dimensions: 25 x 180

Details

Parcel number: 1614006110000000200000

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Brick, Vinyl Siding
Foundation: Slab
Roof: Asphalt Shingle,Composition Shingle

Condition

Year built: 1881
Major remodel year: 2020

Utilities & green energy

Gas: Gas-Natural
Sewer: Public Sewer
Water: Public
Utilities for property: Natural Gas Connected

Community & HOA

Location

Region: Newark

Financial & listing details

Tax assessed value: $220,400
Annual tax amount: $8,381
Date on market: 11/4/2025
Total actual rent: 3400
Tenant pays: Electricity, Gas, Tenant Pays Heat, Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Water

Estimated market value

$723,200

$687,000 - $759,000

$3,261/mo

Price history

Date	Event	Price
11/4/2025	Listed for sale	$699,999+77.2%
Source: GSMLS #3996066 Report a problem
6/25/2021	Sold	$395,000+1.3%
Source: GSMLS #3704408 Report a problem
4/13/2021	Listed for sale	$389,999+15%
Source: Keller Williams #3704408 Report a problem
8/8/2020	Listing removed	$339,000
Source: ROSA AGENCY #3578755 Report a problem
11/21/2019	Listed for sale	$339,000
Source: ROSA AGENCY #3578755 Report a problem